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Markets · Bond
China Bond Daily News 09:50 BJT
2019/10/10 03:39:48

Oct 10, 2019 (China Knowledge) - Today 30 new bonds will be put up for tender, 198 new bonds to be listed for trading. 

According to the data from China Central Depository & Clearing Company (CCDC) as at the end of Sep, the amount of bonds held by foreign institutions in CCDC has reached RMB 1.79 trln, with a net increase of RMB 70.67 bln in Sep, up RMB 45.41 bln compared with Aug. 

PBoC will not carry out a reverse repo today, and a total of RMB 20 bln reverse repo will mature today,with a net return of RMB 20 bln. 

The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.55%, and the weighted average price of the previous day was 2.1894%. The opening price of the 7-day inter-bank pledge-style repo (DR007) registered 2.65%. 

China State Railway Group will issue RMB 20 bln of railway construction bonds on 11 Oct, including RMB 12 bln for five years and RMB 8 bln for 20 years. 

The winning bids for the Agricultural Development Bank of China (CADB)’s 7-year and 10-year bonds’ yield are 3.6421% and 3.7024%, respectively. The bid multiples were 3.20 and 2.89. 

The winning bids for CADB’s 1-year, 3-year and 5-year bonds’ yield are 2.4159%, 2.9767%, and 3.3664%, respectively. The bid multiples were 5.07, 5.41 and 4.27. 

The winning bids for the Ministry of Finance’s 3-year and 7-year renewed treasury bonds were 2.7075% and 3.1069%, respectively. The bid multiples were 2.81 and 18.07. 

S&P Global Ratings reported that global new debt issuance totaled USD 4.6 trln in Jan-Aug, up 12% from the same period in 2018. 

18 short-term financing bonds will be issued in China’s onshore bond market, with a total volume of RMB 22.2 bln; 8 financial bonds with total volume of RMB 43.23 bln. 

China Securities said that the industrial added value in Sep is expected to grow, and the Q3 GDP growth falls slightly; PPI growth is expected to fall back and CPI growth to pick up. 

The Ministry of Finance has completed the bidding for the fourth issue of the book-entry coupon-bearing bonds (7-term). The annual coupon interest rate is 3.25%, and the issue price set at RMB 101.96, with an annual yield of 3.11%.

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